Daily Quote: Make it a habit to tell people “thank you”. To express your appreciation, sincerely and without the expectation of anything in return. Truly appreciate those around you, and you'll soon find many others around you. Truly appreciate life, and you'll find that you have more of it.
Fun Fact Of The Day: What was the first restaurant ever? The very first restaurant in the world was opened in Paris in 1765. A tavern keeper, Monsieur Boulanger, served a single dish -- sheep's feet simmered in a white sauce.
A Preview Of What MIGHT Be Coming
I am somewhat loathe to write about future potential interest rate rallies for fear of encouraging speculation by Originators making bet on locks…so here’s my caveat. “This is not intended to be anything more than an opinion of someone who, if he really had some keen insight into the future of financial markets, would be running a hedge fund called AnnieMac Investments versus a mortgage company called AnnieMac Home Mortgage.” Got it?!
Having said that the best managers always keep three paths in focus – the “Best”, “Base” and “Worst” case paths. On rare occasions the Best Case path becomes a higher probability event than normal and therefore it makes sense to give it some attention. So what is the best case path I’m referring to?
What Does This Mean For Mortgage Participants?
It means that if you’re behind in your business planning, your staffing or resource needs, or you aren’t focusing on your Vital Few you should snap to it. Opportunity favors the prepared mind and while neither of the above might come to fruition, if it does your forethought and planning on how to tackle this increased purchase and refinance production will be rewarded.
No meaningful data today.